COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3030, 10 April 1912, Page 21

COMMERCIAL CABLEGRAMS.

LONDON”, April 1. Tho total quantity of wheat and flour afloat for the (An i ted Kingdom is 4,180.000 quarters, and for the Continent 1,930.000 quarters. Tho Atlantic shipments were 195.000 quarters, and tho Pacific 20,000 quarters. Tho totals are:—Europe. 1.175.000 quarters; Argentina, 354.000 quarters; Russia', 135,000 quarters; Dunuhian provinces. 193,000 quarters; India and Persia, 47,000 quarters; Australasia 125.000 quarters. April 2. Tallow : Tho stocks are 5483 tons, imports 3220 tons, and deliveries 3748 tons. Wheat: An Australian cargo sold at 38s 6d. , ~ April 3. I \\ h-e-a t : Ihroo Australian cargoes )iavo been sold at 38s 9d. A oril 5. 0 he wheat markets have a holiday tone, hut sellers are holding fo ■ full i.-i.-es. Tt>« sum of 39s 9d is asked for New South Wales off the coast, and 38s 6d for South Australian April shipment and Victorian

March shipment, while 38s 6d has been paid for paroels from ihe three ports (March shipment), and 37s lOjid for April and May shipment. There is a fair inquiry for Au»tralian spot at 41s and 425. The flour market is firm, but inactive. Oats are strong. La Plata March shiomenfc, 18s lOid. The poverty in th e industrial centre* is depressing the butter market. Danish, 127 s to 130 s; choicest Australian. 116 s to 120 s: unsalted, 118$ to 122 a; secondaries, 112 s to 114 s; New Zealand, 122 s to 1245; unsalted, 1255; Argentine, 116 s to 120 s. The cheese market is quieter. New Zealand. /3s to 745. Silver is quoted at 27 l-16d per oz. Tn« American visible wheat suddlv is 111.177,000 bushels. The Bank of England returns show the 6ftock of gold coin and bullion to be £34,547,000; reserve, £24,889,000; proportion of reserve to liabilities, 39.71 per cent. The notes in circulation total £29,588,000; public deposits, £22,162,000; other deposits, £40,504,000; Government securities, £14,282.000; other securities £41,857.000. The bank rate of discount is 3A per cent. Short loans are discounted at 3£ per cent,, and three months' bills as follow :—London, 3± per cent. ; Paris, 35 per cent, ; Berlin, 4 11,16 per cent. " Consols, £7B 2s 6d. The following are the quotations for colonial Government stocks compared with those ruling a week previous :

The Bradford wool market io firm, but quiet. Hemp : The market is quiet, but unchanged. Jute : April and May shipment*, £24. Cotton : May quotation, 5.93 d per lb. Rubber, 4s lid per lb. Rabbits : The market i« quiet, but unchanged. „ April 6. Copra : Irregular; £l2 3s to £l2 4a, T i . . , April 7. The total quantity of wheat and floor afloat tor the United Kingdom is 4 375 000 quarters, and for the Continent 2 260 000 SSfEJSr"- T ;'° Atlantic shipments Wore 273,000 quarters. The totals arc •-.. Europe, 1.575 000 quarters; Argentine 414.000 quarters; Russia. 150,000* "S-------tors; Da nub] an provinces, 320,000 quartersIndia and Peraw. 89.000 quarters; Australasia 210.000 quarters. SYDNEY, April 2. I he wheat market is verv firm at 3s MAd to 4s. TALLOW SALES. rONDON, \,,,-' i At the tallow sales 918 casks were offered and 583 sold. Mutton, fine, 365; medium 335; beef, line, 355; medium, 32* id. The Now Zealand Lean and Mercantile Agency Company has received the following cablegram from its Ixmdon office in this connection :—" We quote present spot

values for the following descriptions of tallow:—Fine mutton, 34s 9d : food beef, 32 s 9d; mixed 31s 6d. Market firm." LONDON" SHARE MARKET. LONDON". April ?.. Banks: Union, £59 10s to £6O 10s: National of New Zea'and, £5 6s to £5 lis. 3d. Stcwks: New Zealand Loan and Mercantile) Aronfv Company. £97: Oitv of Melbourne, £101; Melbourne Harbour, £101: Melbourne Board of Works, £lOl. A mil 5. Talisman Consolidated: Buyers £2 ss. Boilers £2 7s 6d. OAMARU MARKETS. (Fr.ou Ocit Own ConnEsroNrjKNT.) OAMARU, April 6. Tho Easter holidays have interfered with &h« couri'o of business in the market, but

' still a fair number of transactions have been I registered in grain. The advance in the j price of wheat reported last week has been I well maintained, and there has been no | abatement in the demand. At the opening of the week some purchases were made at 3s 6d net at country stations, these including a. line of 800* sacks of velvet and a mixed line of 600 sacks of velvet and Tuscan. Subsequently 3s 6jd net at country j stations was conceded for a number of ! line*, both mixed and velvet straight, and : ! that was tho price at which the market j I closed. j j Oats have not boon offering freely, and i values have been well maintained. Good feed and B grade Oartons were sold at Is lid net at country stations, but for a. lino of 1000 sacks j,d more was concede;!. A line, of A grade. Oartons was obtained at a distant station at Is HJ,d net, but for other lines, with shorter railage, 2s not was fciaid. There hn.s not been very much doing in

potatoes, bill prices show no decline, the business clone being at £3 2s 6d and £3 5s net at country stations, and £3 5s net delivered in Oamaru. The opinion is held that when deliveries becone more perioral values will recede unless a greater demand is experienced for coastwise shipment, business i:i that direction being vet comnarativcly small, SOUTHLA N D MARK ETS. (FEOil Oni Own COBRESPONDEXT.) INVERCARGILL, April 7. A few odd lilies of new season's cats have. been offered during- the week, and have found purchasers at from Is Hid to 2s on trucks for A grade Gartons. This works out at from 2g 4d to 2s 4id. f.0.b., sacks in. No doubt these are required for some special purpose, as the best that can be obtained for shipment today is 2s 3Ad lo 2s A<\ for A grade Gartons, and id less for B grade Gartons or A grade sparrow-

bills. It is not, expected that many new oats will be offering for a week or a fortnight yet. So far all the samples of now season's grain have been in good condition, and would easily go A grade. It is difficult to say how the later harvested oats will turn out as regards quality, but from all accounts the yield is going to be heavy. A good many farmers estimate that they will thresh anything from 40 to 60 bushels to the acre. A fair quantity of ryegrass is offering, but the bulk is out of condition and not in a fit state for merchants to dress. In the meantime any lines of bright well-condi-tioned seed offering are fetching from 2s to 2s 2d on trucks. A fair quantity of new chaff is on offer, and from £3 2s' 6d to £3 5s has been paid. Very little old chaff is offering. It i s worth 'about 10s per ton over the above quoted prices. DUNEDIN MARKETS. WHOLESALE PRODUCE REPOBTS. Lindsay and Columb, Princes street south, report under date the 9th inst.:—

Potatoes. —Market well supplied. Owing to heavier consignments prices easier. Prime Oamaru, £1; southern. £3 15s; medium and inferior, £3 to £3 10s. FARM AKD DAIRY PRODUCE. Messrs Irvine and Stevenson. George street repon paym« (or nroduce during the -wee's ending- the 9th inst., as follows: Fresh e«;:s. Is 7d <ioz I Septrator butter, 10JU Suit butter : not buying | per lo Fresh butter, good ordintry (in lib and Jib prints), 9d to lid per lb. Pigs, 1301 bto IGOJb. 6d. Honey, Fowls, 3s to 3s 6d (boiling). Potatoes, new, £1 5s per ton. THE FROZEN MEAT MARKET. LONDON, April 5. The following are the latest quotations for all classes of moat. In the case of those not quoted the price is unchanged : Mar. 30. April 5.

FROZEN MEAT MARKET. CHRISTCHURCH, April 2. The British and Now Zealand Company cabled from London as follows:—Mutton, Canterbury 31d to 4gd, North Island lamb. Cantorburv sfd to 53d, North Island sad to 5Jd; beef, hinds 3|d, fores 3£d. HIDE SALES. MELBOURNE, April 3. At. the hide sales to-day prices were firm. Light weights were id per lb dearer. There were fair supplies forward. CLEARING SALE. Messrs Wright, Stephenson, and Co. rcport:—On Wednesday, at St. Patrick's, wo held one of the successful clearing satoa of live and dead stock that has ever place in Southland. This sale was conducted on account of Mr Richd. Yardley, who has lately disposed of the whole of his Black Swamp property. Considering that the harvest is in fulL 6wing and the i day so line, the attendance of settlers from | all tiie surrounding districts was good, and included buyers from Timaru, Milton. Invercarffill, and tho Western District. Everythinir went with a swintr from start to finish. The following are the principal Sides:—677 four-tooth ewes. 20s 4d ; 302 twotooth ewes. 18s lOd; 250 two-tooth ewes. IPs lOd; 456 two-tooth ewes. 18s 3d: 938 ewe iambs, 13s Id; 542 six-tooth ewes, 18s; 399 eight-tooth ewes, 14s; 152 eight-tooth ! ewe* 13s 9d; 460 wether Jambs. 12s; 70 ! f.tn. ewes, lis 6d: 118 fat ewes, 14s Id; 200 s.m. tusock ewes, 9s 4d: 100 s.ni. tuesock ewes, 9s I'd; 657 s.m. tussock ewes. .8s lid; 46 cull ewes. 3s lid; 136 cull lambs, 8*; 37 Rotnney rams, at from 2ics to 3itrs; 56 old rams, 7s; 25 Hereford cows (with calves at foot), £7 2s 6d; 17 crossbred co»vs (with calves at foot), £5: milk cow, £6; 11 two-yoarold steers, £6 10s; 35 yearlings, £3 6s 6d; three-year-old fillv. £44; three-year-old fillv. £35; three-vear-old fillv £26; vearold gelding, £7 10s; two-year-old filly. £3B 10s: two-year-old filly, ■£3s; two-year-old gelding, £25; two-year-old gelding, £ls; fillv, £2O; fonr-year-oid mare, £42; six-year-old gelding. £37; seven-year-old gelding, £2o ; six-year-old mare. £39 10s; seven-year-old mare. £36: eight-year-old gelding, £3O; six-year-old gelding, £34; seven-.vear-old mare, £29; five-year-old mure, £42; mare (with foal at foot), , £sl; mare (with foal at foot). £46: hack. £5: harness gelding, £lO 10s; brown mare, £ls 10s; brown mare, £27; bay gelding. £8 10s. Also a largo quantity of harness. implements, and sundries at full market rates. Messrs Stronach, Morris, and Co. report having held (in conjunction with Messrs Dalgety and Co.. Limited) a fiale of ftock, implements, and effects of Mr Watson Shennan, Conical Hills Estate, Pomahaka. The sale excited unusual interest in tho district. The sale wsa attended by some 350 to 400 fanners and others from Ctntral Otago, Taieri, Dunedin, and North Canterbury. It would take too much space to fully detail the results of the sale, but the

following will be sufficient indication: —Stud rams: Romneys, ono and two-shear, at £lO 10s. 1 do at 6igs, 1 do at sigs, and 7 from 4igs to 2£gs. Flock rams: Rcmncys, from 3§gs to 2£gs; Border Leicester do, 2igs to 3g. Flock sheep: 233 full-mouthed ©was 14s, 173 two, four, and six tooth, 13s Id, 46.. aged ewes from 9s 9d to 8s Id, 67 two-tooth wethers 13s 2d, 201 crossbred lambs 12s 2d, 600 cull lambs from 5s Id to 8s 6d. Draught horses: One bay .mare £36, 1 do £33, 1 do £2l, 1 do £l9, and 10 aged horses from £5 10s to £l2 10s, station hacks from £7 to £ls. Dairy cows, £B, £6 10s, £6, to £5 10s. Implements: Waggon £22. drays £8 10s to £ll, disc plough £l7, digger plough £6 10s, and double-furrow do from £5 5s to £8 10s, waggonette £2O, gig £ls 10s, station waggon £ls 10s, spring-cart £ll, Cambridge rollers from £7 to £lO, grain drills from £l4 to £22, horse covers, harntss, sacks, and sundries at highly satisfactory prices. COUNTRY SALE. Messrs Dalgety and Co. report having held their monthly auction sale at Palmerston on Monday, when they varded 3937 sheep, 40 rams, 20 cattle, and 7 pigs. There was a large attendance of farmers, and buyers were present from Oamaru and Dunedin. Competition was keen, ewes being especially in request, while buyers were on the lookout for forward wethers and lambs. Prices were satisfactory, and a good clearance was made. The following are tho prices realised:— Fat wethers, lbk to 18s 2d; two and four-tooth wethers, 10s 6d to 15s 9d: two-tooth crossbred ewes, 13s 3d to 17s 9d; two-tooth merino ewes, 14s; four, six, and eight-tooth crossbred ewes, 14s to 15s Id; full and failing mouthed ewes, 9s to lis sd; full-mouthed merino owes, 4s to 7s; forward lambs, 10s 6d to 12s; hill wether lambs, 5s 3d to 9s 6d ; rams, to 22gs; fat heifers, to £6 2s; dairy cows, to £9 ss; store cow s and heifers, to £5 3s 6d. SALE OF BIRCHWOOD SECTIONS. Messrs Wright, Stephenson, and Co. report having sold, on account of Mr A. W. Rodger, section 21, of the Birch wood Subdivision, containing 238 acres of freehold lar.J, fronting the" Morley Stream, at £8 10s per acre, to Mr Stephen Mills, of Orcpuki; also, on account of tho earn© vendor, section 19 of Birch wood Estate,, containing 311 acres ,fronting the NighteapsBirchwood road, at £8 10s per acre, i" Mr A. R. Porteous, of Lochiel. There arc now only seven sections available at Birch wood. PROPERTY SALE. The Otago Farmers' Co-operative Association reports having sold on account of the trustees in the estate of the late George Cruickshank, a freehold farm of 76 acres and 4 polos, situate at Waimate, to Mr George Coutts, of Stoneburn, ui A satisfactory figure.

Now South Wales 4'3 New South Wales zi'a New Soutli Wales 3'a \ ictorjan 4's ... ... Victorian 34's Victorian 3's ... .," Queensland 4's ' Queensland 3i's Queensland 3's ' Mar. 29. .. 1054 • 981 .. 87 .. 102 .. 981 .. 85 J .. 1024 .. 96| 84 A pi. 5 1054 934 86 102 984 854 102A 964 84 97 South Australian 3£'s .. 97 South Australian 3's .. 80£ .. 104 804 102A New Zealand 4's New Zealand 3i's 97 97 New Zealajid 3's ... . .. 85| .. 96 854 96 Tasmanian 3£'s Tasmanian 3's West Australian 3i's .. 85 . 95A 85 94A West Australian 3's . 87 86

\\bpat per bushel. 1 i '6SL 1111 It 1 njj Meniuin no 3/H 3/> Fowls' ... 8/4—3/fl Milling oats 5/2-573 Feed oats ... 1/. 0-2/0 Malt barley ... 4/9 Feed barley ... 4/6 Cape barley ... m Maize ... 4/0 per ton. Flour, in 200'« ... 175/0 Flour, in 50's ... 1^6/0 Pollard ... ... 120/ Bran ... S.V OatnienI, in 25' s 270/0 Pearl barley .. 280/0 I

per ton Oaten chaff J'rime 80/0--W5/0 Medium rava--eo/u Ryegrass mid clover hay 70/0 Straw : Wheaten 35/0 Oaten.. 35/6--40/0 Onions, pood 170/0 (Canterbury) Rolled bacon 10a Side baron PW Smoked ham s ... 10J1 Cheese ... 7*1 Siit butter loid--IU'1 (tccorfiiug to qua litv) ttggs, fresh i/i ;-!/.(

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